2023-08-14 | 1083510761

Central Bank of Kenya Circular No. 2 of 2023 - Implementation of the Recommended Actions in the AML CFT MER of Kenya

The Central Bank of Kenya (CBK) has released Circular No. 2 of 2023, addressed to foreign exchange bureaus, money remittance providers, and digital credit providers, regarding the implementation of recommended actions from the AML/CFT Mutual Evaluation Report of Kenya. The CBK instructs institutions to address substantial deficiencies, develop action plans, and submit progress reports to avoid adverse effects and potential grey listing by the Financial Action Task Force. Non-compliance may result in penalties, impacting international trade and financial transactions.

Kenya

Central Bank of Kenya

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